Business

Pre-merger, Vodafone gets first Indian CFO

Ahead of its merger with Idea Cellular that is expected to be closed sometime next year, Vodafone India announced appointment of Manish Dawar as the CFO, who is likely to continue in the same role at the merged entity as well.

migrator

Chennai

Dawar is the first Indian to become the CFO of the local arm of the British telecom giant, which entered India in February 2007 by buying out Hong Kong’s Hutchison. As part of the merger agreement reached between the two in March, Aditya Birla Group Chairman Kumar Mangalam Birla will the Chairman of the merged entity while the CFO will be a Vodafone nominee. All other key executives are to be appointed on a merit basis. This is the first prominent appointment done by either of the two companies, the country’s second and third largest telcos respectively, since they announced a plan to merge after Reliance Jio’s entry wrecked the market.

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